Chief Financial Officer

When you join the growing BILH team, you're not just taking a job, you’re making a difference in people’s lives.

The Chief Financial Officer (CFO) is an executive management position reporting directly to the Community Division CFO with a dual reporting relationship to the Hospital President. The Chief Financial Officer is responsible for the development, interpretation, coordination and administration of the organization's local policies, practices and activities on finance. Responsible for the maintenance of records and procedures required to adequately safeguard the assets of the organization. Serves as a member of the Hospital Senior Leadership Team and participates in strategic planning, which is aligned with the organization's objectives and financial business plan. The CFO demonstrates full support of the Beth Israel Lahey Health mission through demonstrated measurable results and conduct consistent with the mission statement and strategic plan.

Job Description:

Primary Responsibilities:

1. Leads, manages and directs all local financial activities in coordination with the SVP, Financial Operations & Corporate Accounting of BILH and under the direction of the Community Division CFO. In alignment with the system, plans, organizes, coordinates and controls financial policies and activities for the institution to control receipt of revenue, expenditure of funds, and conservation of organization's assets.

2. Participates as a member of the Winchester Hospital leadership team in developing and implementing short- and long-range strategic goals, objectives and plans, in concert with organizational goals that contribute toward market growth, revenue enhancement, cost containment and maximizing productivity.

3. Establishes long and short-range operational and capital budgets, which are supported by the hospitals long and short range plans and objectives. 

4. Provides financial leadership to hospital managers, directors, officers, and physician leaders that will enroll support, create ownership of goals, and encourage active participate in decisions that impact the hospital. Monitors performance to ensure fiscal responsibilities are fulfilled.

5. Contributes financial expertise in the planning of new services that generate additional sources of profitable revenue, including service demand analyses, resource availability analysis, and cost benefit analysis of proposed capital and staff expansions.

6. Serves as the finance lead for the hospital in contract negotiations for hospital based physician services as well as all other purchased services.

7. Works with senior leaders to plan, promote and conduct organization-wide performance improvement activities, makes recommendations for action, develops action plans, and measures against performance metrics.

8. Manages costs by continually seeking data that will identify opportunities and take action to eliminate non-value costs in conjunction with the hospital's President, senior leadership team, physician leaders and the BILH System.

9. Serves as a key stakeholder for productivity management. Develop and implement successful strategies to manage the staffing levels to appropriate standards in coordination with BILH System Services.

10. Participates in the hospital's monthly operation reviews, as well as participate in system meetings, as deemed necessary.

11. Represents the hospital at meetings including medical staff, hospital board of director meetings, as well as relevant community meetings, as needed.

12. Coordinates and manages the Winchester Hospital Finance Committee in partnership with the Winchester Hospital Finance Committee chair.

13. Partners with hospital President and physician leaders to identify and validate physician recruitment/replacement needs in the market and coordinates the corresponding proforma(s) working in conjunction with the BILH Medical Group Finance leadership.

14. Serves as the Finance liaison with the centralized and system business functions, including Revenue Cycle, Accounting, Accounts Payable, Payroll, Budgeting and Analysis (Decision Support), and Supply Chain, as well as other system functions, as needed.

15. Ensures the hospital meets necessary financial regulatory and compliance requirements.

16. Participates in the Winchester Hospital Administrator on Call rotation.

17. Other duties as assigned.

Required Qualifications:

Bachelor's degree in Accounting/Finance required AND Master's degree in Accounting/Finance/Business OR Certificate of Public Accounting (CPA) required.

Minimum of 5-8 years’ related work experience required and 5-8 years’ supervisory/management experience required.

Must also be able to interpret and communicate effectively to the Finance Committee, Board and all internal and external constituents regarding all financial statements and other financial/reimbursement issues.

Must be able to plan, manage and establish collaboration within their area of responsibility.

Must have analytical and problem solving skills, as well as the ability to work and communicate effectively with all levels of management both within and outside the areas of his/her responsibility. Advanced technical computer skills as required for technical support specific to functional area and related systems.

Pay Range:

$264,000.00 USD - $310,000.00 USD

The pay range listed for this position is the annual base salary range the organization reasonably and in good faith expects to pay for this position at this time.  In addition to base compensation, this position may be eligible for additional compensation, which may include performance-based incentive bonuses.

As a health care organization, we have a responsibility to do everything in our power to care for and protect our patients, our colleagues and our communities. Beth Israel Lahey Health requires that all staff be vaccinated against influenza (flu) as a condition of employment.

More than 35,000 people working together. Nurses, doctors, technicians, therapists, researchers, teachers and more, making a difference in patients' lives. Your skill and compassion can make us even stronger.

Equal Opportunity Employer/Veterans/Disabled